⚡Reflections from the Ark: Story and strategy⚡
🏦The financial giant JPMorgan expects the digital asset market to recover in August, after the liquidations of Mt. Gox, Gemini and the German government are completed this July. His estimate of the#cryptonet flow so far this year went from 8,000Ⓜ️ to 12,000Ⓜ️💲
✍🏻This "forecasting" story is accompanied by the following strategy: The main#ETFsbought in these liquidations, acquiring 12,099 #Bitcoin, increasing their offer up to six times, Fidelity with 5,800, Franklin with 549 and BlackRock more than 5,750 units.
🐋And long-term#Bitcoinholders are increasing their monthly holdings since April 2023, according to CryptoQuant. With a monthly growth rate of 6.3%. This increase in demand is what is supporting the price of the asset.
🔷In addition, approximately 40% of Ethereum supply is locked as the market anticipates the final approval of ETFs. A breakdown of this “locked supply” shows that more than 33 million units are staked on the network, representing around 28% of the total Ethereum supply, according to data from Dune Analytics.
🌐Once again, dear reader, you cannot anticipate the movements of the global market, but there is a clear connotation in the entire scenario: Observe the story and create the strategy contrary to what they say, not what you observe. There is one unequivocal fact, and no one can manipulate that:
✍🏻 21 million units of supply and a demand of 8100 million. Do the math.
